Vista Damai, KLCC

Vista Damai is a freehold condominium nestled along bustling Jalan Tun Razak, KLCC. It is situated in between of Abodis Condominium and Wisma Sin Heap Lee, and opposite Megan Phileo. It is strategically located within the city centre and just about 3 kilometres away from Petronas Twin Towers.

Besides that, it is just across Ampang Park Shopping Centre and Plaza Ampang Mall (formerly known as Plaza Yow Chuan) which is currently under renovation and upgrade. Nestling nearby the Embassy Row, Vista Damai is near to several embassies such as French Embassy, Spanish Embassy, British High Commission and Thailand Embassy. It is surrounded by commercial buildings and office towers including Wisma Sin Heap Lee, Megan Avenue, Plaza OSK, GTower and Citibank Tower.

In terms of accessibility, Vista Damai can be easily reachable from Jalan Tun Razak and Jalan Ampang. Not only that, it is near to highways accesses, namely AKLEH (Ampang-Kuala Lumpur Elevated Highway), SMART Highway and Putrajaya-KL Highway. Besides private transportation, one can reach the condominium via LRT as it is just 5 minutes away from Ampang Park Putra LRT station on foot.

Property Details

Name: Vista Damai

Address: Jalan Tun Razak, Kuala Lumpur

Type: Condominum

Tenure: Freehold

No. of Blocks: 1

No. of Storey: 33

Built-up: 659 – 1,450 sf

Maintenance Fee: RM0.32 psf

Subsale Price: RM420,000 - RM1,200,000

Rental: RM1,500 - RM5,500

Layouts

659 sf (1 room)

780 sf (1 room)

863 sf (1 room)

972 sf (1+1 room)

1,100 sf (2 rooms)

1,450 sf (3 rooms)

Facilities

Barbecue area

Covered parking

Gymnasium

Playground

Sauna

Squash court

Swimming pool

Wading pool

24-hour security

Market Trends

Analysis

There are two high-rise condominiums currently under construction nearby Vista Damai. One of them is myHabitat which located next to it. The development comprises of a shopping mall The Intermark, two international Grade A offices ( Vista Tower) and Double Tree Hotel (owned by Hilton Hotel). The development is scheduled to be completed in stages by 2010 to 2012. Another under-construction development is Acadia Residency, which developed by IMC Parkville that comprises of two 48-storey condominiums. Once these developments are completed, Vista Damai will be surrounded by high-end condominiums.

The Vista Damai Management has just repainted the whole building, upgraded the facilities like mutli-purpose hall, children’s playground and putting new equipment into the gym. Investment wise, both price appreciation and rental rate of Vista Damai are not interesting. The selling price and rental are pretty stagnant at RM500 psf and RM2.70 psf respectively. If you are considering investing in a unit here, it is recommended to put your money in studio unit. There are not many studio units in the area which strategically located near to LRT station and plenty of amenities.